eBook Show Me How Print Item Current Position Analysis The following items are reported on a company's balance sheet: Cash $556,000 Marketable securities 434,400 Accounts receivable (net) 530,000 Inventory 217,200 Accounts payable 543,000 Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place. a. Current ratio b. Quick ratio Feedback Check My Work a. Divide current assets by current liabilities. b. Divide quick assets by current liabilities. Quick assets are cash, temporary investments